Verdict. Swiss Firmup suits futures traders who want an end-of-day trailing drawdown that moves only on realised gains, no daily loss limit, and a flat 90/10 split that does not shrink after the first payout — genuinely trader-friendly mechanics at $148 all-in on a 50K account. It does not suit anyone who wants to talk publicly about their own results, because the contract forbids it, or anyone who plans to withdraw more than five times: the sixth payout permanently closes the funded account. The biggest caveat is that the firm’s own legal pages and its own press release describe two different products.

Key terms at a glance

• Cost (50K): $49 qualification + $99 one-off activation = $148; the bundled “Pack Pro” is $119 all-in. Restart $39. Sizes run 50K / 100K / 200K / 300K — official rules, in force since 17 August 2026
• Profit target: $3,000 / $5,000 / $7,000 / $9,000, inside a 30 calendar-day qualification window — official rules, §09
• Maximum drawdown: end-of-day trailing, $2,000 / $2,500 / $3,000 / $3,500, recalculated at each session close and « ajusté uniquement sur les gains réalisés (hors profits latents) » — company FAQ
• Daily loss limit: none at any account size — official rules, §09 and §10
• Profit split: 90/10, flat across all four sizes, unchanged after the first payout — official rules, §10
• Payouts: requestable every business day; minimum $200; each request capped at 50% of balance up to $2,000 / $2,500 / $3,000 / $3,500 by size; paid via RISE in 1–5 business days — official rules, §07
• Minimum trading days: five distinct days each clearing a minimum daily profit of $150 / $200 / $250 / $300 — and the counter « est remis à zéro » after every approved payout — official rules, §07
• Market data: Level 1 included; Level 2 is a separate monthly subscription at $18 per exchange, or $54 (Rithmic) / $36.15 (dxFeed) bundled — Level 2 fee page

The note left inside the disclaimer

Swiss Firmup’s disclaimer lives at a misspelled URL — /disclamer/ — and its final paragraph is not a disclaimer at all. It reads as a remark about the disclaimer, written in the second person to the company, published verbatim on the live page. We opened it on 29 August 2026 and it was still there; the page’s own WordPress metadata shows it has not been edited since 18 June 2026, so the wording has stood untouched for more than two months.

The text, in full:

« Cette version est beaucoup plus cohérente avec votre positionnement « formation et simulation uniquement » et évite les formulations qui pourraient laisser penser que Swiss FirmUp ou Arcadia proposent ou exploitent des comptes de trading réels. »

“This version is much more consistent with your ‘training and simulation only’ positioning and avoids wording that could suggest Swiss FirmUp or Arcadia offer or operate real trading accounts.” — Swiss Firmup disclaimer, final paragraph, retrieved 29 August 2026

We will not speculate about who wrote that sentence or why it survived into production. What matters is narrower and checkable: the paragraph states the purpose the surrounding wording was chosen to serve, and the company sells the very thing that wording is designed not to suggest.

Simulation, or a real funded account? The site answers both ways

Two paragraphs above the note, the same page says the programmes rest « exclusivement sur des comptes de simulation » and that « Aucune opération réalisée dans le cadre de ces programmes ne constitue une transaction exécutée sur un marché financier réel » — no operation carried out under these programmes constitutes a transaction executed on a real financial market. The terms of business go further: « Swiss Firmup n’est pas un prestataire de services financiers au sens des législations applicables ».

The homepage, live on the same day, promises something else: « Accédez à un compte réel/funded dès validation » — access a real/funded account on validation. So does the company’s own paid wire release of 16 February 2026, which opens by listing the industry practices it exists to correct. The first item on that list is “simulated funded accounts”. Under the heading “Access to Real Funded Accounts” it says:

“Once the qualification phases are completed, traders will be granted access to a live trading account. Based on their results, the account will be opened either through Funded Firmup or through a regulated U.S. futures broker, such as Sweet Futures or Dorman Trading.” — Swiss Firmup press release, 16 February 2026

Qualification is unambiguously simulated — the co-branded setup guide on the platform vendor’s site tells new users to select the Rithmic Paper trading server (ATAS). The funded stage is where the documents diverge, and a trader paying $99 to activate one is entitled to know which description governs. We could not verify that any funded account has in fact been opened at Sweet Futures or Dorman Trading. This is the sim-versus-live boundary mapped in the BluSky review, and why it matters is set out in Registered is not regulated: four regimes that look alike.

What the payout terms actually say

The split is 90/10 at every account size and does not step down after the first payout — a real advantage over firms that quietly reprice you once you are earning. Withdrawals can be requested every business day, the minimum is $200, and the rail is RISE at 1–5 business days.

Then the ceilings. Each request is capped at 50% of balance and at a hard figure by size — $2,000 on a 50K account rising to $3,500 on 300K. Before the first payout you need five distinct profitable days, each clearing $150 (50K) to $300 (300K), and that counter resets after every approved payout, so the cadence is structural rather than daily in practice.

Then the clause that decides whether this account is worth building a career on: « ⚠ Le 6e Payout entraîne la clôture définitive du compte Funded concerné » — the sixth payout permanently closes the funded account, must be requested by Discord ticket, and is paid in 5–10 business days. On a 50K account the arithmetic ceiling of the whole relationship is roughly $2,000 × 6. That is a lifetime cap, not a payout schedule, and it belongs with the ceiling we documented at TradeFundrr.

What could not be verified: Swiss Firmup publishes no audited payout total, no pass rate, and no funded-trader count that an outsider can test. It uploads payout certificates to its own site — 48 of them in August 2026 alone, on an unbroken monthly run since May 2026 — but those are self-published images, not attested data. Its Trustpilot profile, retrieved on 29 August 2026 with the languages=all filter applied, shows a TrustScore of 3.6 from exactly one review, rated four stars, with zero one-star reviews; the page would not render that review’s text to us. Set that against the homepage counters, which claim +1,100 users, +15 countries and +160 payouts completed. One public review, from an operation whose oldest published asset dates to May 2025, is itself the finding.

The rules that cost traders money

You may not publish your own results. The confidentiality clause treats a client’s « relevés d’activité », account parameters and « toute communication personnalisée » as confidential, and the client « s’interdit de rendre publiques… ces informations, notamment sur les réseaux sociaux, forums, plateformes communautaires » without prior written consent. Breach can trigger « la suspension ou la résiliation immédiate de son accès aux services, sans remboursement » (terms of business). Posting your own payout screenshot, or a support transcript inside a complaint, is a contractual breach. The firm may publish your wins; you may not. It is softer than the two-year anti-disparagement clause at TopOneTrader, but points the same way.

Level 2 data is billed on calendar months with no proration. The fee page states that « l’abonnement prend fin le dernier jour du mois en cours » whatever the subscription date — subscribe on the 28th and you pay a full month for three days. Activation is manual, by email. Depth of market is not optional equipment for order-flow strategies, so budget $36.15–$54 a month on top of the headline fee.

Two consistency denominators. The rules say the 50% consistency rule is measured against « l’objectif initial » — the initial target. The FAQ says the best day may not exceed 50% of total profit. The worked example follows the rules page: a $2,000 best day against a $3,000 target becomes $2,000 ÷ 0.50 = a new $4,000 target. Credit where it is due — a breach raises the bar rather than failing you, which is materially fairer than the sector norm. But inside a fixed 30-day window, one good day can inflate the target permanently.

“Agréments dxFeed” is not a licence. The menu item of that name links to a PDF telling traders to sign dxFeed’s exchange market-data subscriber agreements and self-certify as non-professional. It is a data-entitlement form, not a Swiss authorisation — and it sits two menu items from the word “Swiss”.

Unpublished fees, and a long exclusion list. The terms name « les frais liés au passage en compte réel » and « les frais appliqués lors d’une demande de fusion de comptes » — charges for moving to a real account and for merging accounts — neither priced anywhere public. The FAQ’s restricted-country list runs past 45 jurisdictions, including Canada, the Philippines, Indonesia, Nigeria, South Africa, Kenya, Romania, Bulgaria and Malta, and the terms state that a restriction identified after purchase means access is removed « sans remboursement ».

How it compares

Term	Swiss Firmup (50K)	Funded Futures Network ($25K)	Take Profit Trader ($50K)	Uprofit (50K)
Cost to a funded account	$148 one-off ($49 + $99), or $119 Pack Pro	$63 Standard / $78 Express, one-off	$170 per month until you pass, plus $130 activation	$39–$78 per month, plus $150 activation
Profit target	$3,000	$2,000	$3,000 (6%)	$3,000
Max drawdown	$2,000, EOD trailing on realised gains only	$1,500, EOD trailing	$2,000, EOD trailing	$2,000, EOD trailing
Consistency rule	50%, qualification only; breach raises the target	40% Standard, 25% Express	50% during the Test only	30%, 40% or 50% depending on the page
Profit split	90/10, flat, no step-down	80/20 sim, 90/10 live	80/20 PRO, 90/10 PRO+	“up to 80%” or “up to 90%”
Payout floor and ceiling	$200 minimum; 50% of balance up to $2,000; 6th payout closes the account	~$500 minimum; ~$10,000 cap on Sim Funded Pro	No cap; $50 fee on any payout of $250 or less	$2,500 SafetyNet buffer before anything is withdrawable

Comparator figures are as published in this site’s reviews of Funded Futures Network (8 August 2026), Take Profit Trader (24 July 2026) and Uprofit (10 August 2026). On the two mechanics traders complain about most, Swiss Firmup is the better product: no daily loss limit, and a trail that ignores unrealised profit. Compare Redline Futures Funding, whose drawdown floor tracks open profit. In an August 2026 r/PropFirmTester thread ranking the worst futures prop-firm rules, a trader posting as u/ImaginaryTaro2411 called the switch from end-of-day to intraday unrealised trailing on funding “disgusting deception”. That thread concerned other firms, not Swiss Firmup — the point is that Swiss Firmup does not do the thing described.

Regulatory posture, and a Swiss claim that holds

The operator is Arcadia Sàrl, UID CHE-433.761.958, Av. des Mayennets 5, 1950 Sion, canton of Valais (legal notice). We checked it in the Swiss federal commercial register and the entity exists, status EXISTIEREND. In a cluster where “Swiss”, “Dubai” and “London” are usually branding, this is worth stating plainly: the Swissness claim is real, and the terms are governed by Swiss law with the forum at Arcadia’s seat.

Equally worth crediting: Swiss Firmup makes no regulatory claim anywhere. There is no FINMA reference, no “régulé”, no borrowed licence number. The terms say the opposite — that the company executes no orders, holds no trading funds, provides no direct market access, and « n’est pas un prestataire de services financiers ». That is more honest than most of the sector, and the perimeter it sits outside is the one described in Prop firm regulation: where the perimeter actually bites.

Two structural notes. The dashboard at app.swissfirmup.com resolves through ypf-edge.app, with untranslated vendor strings left in the bundle — Swiss Firmup runs on the YourPropFirm white-label stack. That is plumbing, not scandal; much of this sector rents the same infrastructure, as we found reviewing PropAccount. More material: the legal page’s data-protection contact is arcadia@swissgtrade.com. Swiss GTrade is a trading school at the identical Sion address, and the press release confirms the product was “developed in close collaboration with Swiss GTrade”. A business that sells courses and then sells its graduates challenge fees has an interest in the failure rate that an independent evaluator does not — the same conflict, differently arranged, that we set out in the Peak Capital Trading review.

Frequently asked questions

Is Swiss Firmup regulated in Switzerland?
No, and it does not claim to be. Arcadia Sàrl is a registered Swiss company in Sion, but commercial-register entry is not financial authorisation. The terms state that Swiss Firmup is not a financial services provider, executes no orders and holds no client trading funds.

Are Swiss Firmup accounts simulated or live?
Qualification is simulated — the platform setup guide specifies a Rithmic paper-trading server. The funded stage is described two ways: the February 2026 press release names live accounts at Sweet Futures or Dorman Trading, while the disclaimer says the programmes rest exclusively on simulation accounts. We could not resolve which governs, and traders should ask before paying the $99 activation fee.

What is the real cost of a 50K account?
$49 qualification plus $99 activation, so $148 to reach a funded account, or $119 through the bundled Pack Pro. Restarts are $39. Add Level 2 data at $18 per exchange or $36.15–$54 bundled, billed on calendar months with no proration, plus commissions of $2.30 on ES/NQ and $0.82 on micros.

How many payouts can a funded trader take?
Six. The rules state the sixth payout permanently closes the funded account and must be requested by Discord ticket. Each earlier request is capped at 50% of balance and $2,000 on a 50K account, with the five-profitable-day counter resetting after each approved payout.

Can I post my Swiss Firmup results on social media?
Not without prior written consent. The confidentiality clause bars clients from publishing activity statements, account parameters or personalised communications on social networks, forums or community platforms, and treats breach as grounds for immediate termination without refund.

What is Swiss Firmup’s Trustpilot score?
3.6 out of 5 from a single four-star review, checked on 29 August 2026 with the all-languages filter applied. There are no one-star reviews because there is only one review in total. That is not a good or a bad score — it is not a sample.

Featured image: Sion, canton of Valais — the registered seat of Arcadia Sàrl. Photo by Chensiyuan, derivative work by Aristeas, CC BY-SA 4.0, via Wikimedia Commons.

This review is independent editorial analysis and is not financial, investment, or trading advice, and is not an endorsement or solicitation. The Industry Spread has no affiliate or referral relationship with the firms covered. Proprietary trading challenges carry a fee that is generally non-refundable, most participants do not reach a funded account, and funded capital is the firm’s capital, not the trader’s. Terms change frequently — always verify current rules directly with the firm before paying any fee.